In 2010, the Variation in Average Teacher Salaries in the Fifty

question 36

Multiple Choice

In 2010, the variation in average teacher salaries in the fifty states was from

• A)about $38,000 to just over $70,000.
• B)about $50,000 to just under $60,000.
• C)under $20,000 to over $100,000.
• D)about $50,000 to just over $70,000.

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Definitions:

Material Cost

The cost associated with the raw materials and components required for the manufacturing of a product.

Ordering Cost

Expenses associated with placing orders for additional inventory, including administrative costs and the costs of processing and receiving orders.

Holding Cost

The expenses associated with storing unsold goods or materials, including warehousing, insurance, and depreciation costs.

Order Cost

The total expense incurred in making and processing an order, including any procurement, delivery, and handling costs.